Market cap
$2.58B
-1.98 %
Volume (24h)
$121.56M
-1.98 %
Circulating supply
15,194,339 AAVE
Total supply
16,000,000 AAVE
Max. supply
16,000,000 AAVE
Aave (AAVE)
$ 168.51
-1.98 %
Main info
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Key data
updated $0Market cap$2.58B
Volume 24h$121.56M
Circulating supply15.19M95% of max 16M
All-time high$661.69-75% from peak · 2021-05-18
Aave (ticker AAVE) is a decentralized lending protocol — essentially a marketplace where people lend out their crypto to borrowers and earn interest, with smart contracts doing all the work a bank normally would. The AAVE token is the protocol's governance token: holders vote on upgrades, risk rules, and treasury spending. Its total supply is hard-capped at 16 million coins.
Frequently asked questions
What is Aave, and how is it different from Bitcoin?
Aave isn't a payment currency — it's a decentralized lending platform where users deposit crypto into shared liquidity pools and earn interest, while others borrow from those pools against collateral. Bitcoin is a standalone blockchain and currency; Aave is an application built on top of blockchains like Ethereum. AAVE is the token that governs the whole system.
How does Aave work under the hood — does it have its own consensus?
Aave doesn't need its own consensus because it isn't a blockchain — it's a set of audited smart contracts running on Ethereum and other networks, inheriting their security. Deposits and loans are matched by code, and loans are overcollateralized: borrowers lock up more value than they withdraw, and positions get automatically liquidated if the collateral falls too low.
How is AAVE issued, and is the supply limited?
Yes — AAVE has a hard cap of 16 million coins, so there's no unlimited mining or perpetual inflation like in many other projects. The token came from a 100:1 migration of the older LEND token, and part of the fixed supply was set aside for ecosystem rewards. New coins aren't created on a schedule; emissions draw from that fixed allocation.
How do I store and use AAVE?
AAVE is a standard ERC-20 token, so any Ethereum-compatible wallet works — MetaMask, Trust Wallet, or a hardware wallet like Ledger for stronger security. Beyond just holding it, you can stake AAVE in the protocol's Safety Module to earn rewards (with some risk attached) or use it to vote on governance proposals.